Commerz Real Acquires Murray Hill Office Building For $330M

The office building located at 222 East 41st Street in Murray Hill, Manhattan, has been sold in a closed transaction. The property, measuring 400,000 square feet, was purchased for a price of $330,000,000, resulting in a price per square foot of $850. The seller, Columbia Property Trust, completed the sale to Commerz Real, represented by Andreas Muschter.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $330,000,000
• Square Footage: 400,000 sf
• Price per Square Foot: $850
• Address: 222 East 41st Street, New York
• Market: Murray Hill, Manhattan

Commerz Real, represented by Andreas Muschter, acquired the office building from Columbia Property Trust in the closed property transaction. The deal involved significant investment in the prime location of Murray Hill, Manhattan.